rohith
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Tax on Kisan Vikas Patra
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SONIYA
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There is no Tax benefit for investment in Kisan Vikas Patra which makes it a less lucrative investment .Amount invested in the Kisan Vikas Patra cannot be claimed as deuction U/S 80C . Interest on KVP is taxable on accrual basis and will be taxed as Income from Other Sources on the basis of slab rates . TDS is not deductible on Interest on KVP.
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